HomeMy WebLinkAboutAgenda Packet City Council - 09/01/2015 (SP)City Council
Corpus Christi
Meeting Agenda - Final
1201 Leopard Street
Corpus Christi, TX 78401
cctexas.com
Council Chambers11:30 AMTuesday, September 1, 2015
SPECIAL COUNCIL MEETING
Public Notice - - THE USE OF CELLULAR PHONES AND SOUND ACTIVATED PAGERS
ARE PROHIBITED IN THE CITY COUNCIL CHAMBERS DURING MEETINGS OF THE
CITY COUNCIL.
Persons with disabilities who plan to attend this meeting and who may need auxiliary
aids or services are requested to contact the City Secretary’s office (at 361-826-3105)
at least 48 hours in advance so that appropriate arrangements can be made.
A.Mayor Nelda Martinez to call the meeting to order.
B.Invocation to be given by Deacon Michael Mantz, Diaconate Director, Diocese of
Corpus Christi.
C.Pledge of Allegiance to the Flag of the United States to be led by Kristina Leal,
Chief of Staff, Mayor's Office.
D.City Secretary Rebecca Huerta to call the roll of the required Charter Officers.
E.PUBLIC HEARINGS:
Public Comment will be solicited for the Public Hearing item only.
1.15-0934 First Public Hearing on Fiscal Year 2016 Ad Valorem Tax Rate
Public Hearing on Fiscal Year 2016 Ad Valorem Tax Rate
Agenda Memo - Public Hearing regarding FY16 Ad Valorem Tax Rate.docAttachments:
F.ADJOURNMENT
Page 1 Corpus Christi Printed on 8/27/2015
AGENDA MEMORANDUM
First Public Hearing for the City Council Meeting of September 1, 2015
Second Public Hearing for the City Council Meeting of September 8, 2015
______________________________________________________________________
DATE:August 19, 2015
TO:Ronald L. Olson, City Manager
FROM:Constance P. Sanchez, Director of Financial Services
ConstanceP@cctexas.com
(361) 826-3227
CAPTION:
Public Hearing on Fiscal Year 2016 Ad Valorem Tax Rate
PURPOSE:
The State Property Tax code requires that two public hearings be held when a taxing
unit proposes a tax rate that exceeds either the rollback rate or the effective tax rate,
whichever is lower.
BACKGROUND AND FINDINGS:
The City of Corpus Christi is proposing a tax rate of $0.606264 per $100 valuation for
fiscal year 2015-2016. Since this rate exceeds the effective tax rate of $0.554300 per
$100 valuation, the Property Tax Code requires that the governing body schedule two
public hearings on the proposal. The first public hearing will be held on Tuesday,
September 1, 2015, and the second public hearing will be held on Tuesday, September
8, 2015. The vote for the final adoption of the tax rate will be held at the September 15,
2015 City Council meeting.
ALTERNATIVES: n/a
OTHER CONSIDERATIONS: n/a
Public Hearing on Fiscal Year 2016 Ad Valorem Tax Rate
CONFORMITY TO CITY POLICY:
This item conforms to City policy.
EMERGENCY / NON-EMERGENCY:
N/A
DEPARTMENTAL CLEARANCES:
Office of Management and Budget
FINANCIAL IMPACT:
□Not Applicable □Operating Expense X Revenue □CIP
Project to Date Exp.Current Future
FISCAL YEAR:(CIP Only)Year Years TOTALS
Budget - - $ 104,150,000 104,150,000$
Encumbered/Expended
amount of (date) - - - -
This item -104,150,000$ 104,150,000$
BALANCE - --$ -$
FUND(S): General Fund $64,800,000
Debt Service Fund $39,350,000
COMMENTS:
n/a
RECOMMENDATION:
Staff recommends approval of the ad valorem tax rate of $0.606264 per $100 valuation
on September 15, 2015.
LIST OF SUPPORTING DOCUMENTS:
None